HomeQuest Mortgage Review(s) and Rates

September 28, 2010 No Comments »

HomeQuest Mortgage has come onto our radar lately with some decent mortgage rates. Keep in mind though that they are not a banking institution but rather a licensed mortgage broker with a network of around 40 mortgage banks and lenders throughout the country. They were established in 2001 and serve the general New England area. Since their inception they claim to have funded more than $2.0 billion in mortgages to homeowners.

Related: Review the differences between mortgage brokers and loan officers.

HomeQuest Mortgage’s Philosophy and Approach (from HomeQuest):

PHILOSOPHY: “WE GIVE YOU OPTIONS”

Let’s face it, not all borrowers meet traditional lending guidelines. When others say “No”, we have conventional, alternative & flexible mortgage programs to get you the money that you need. With a network of over 40 mortgage banks & lenders nationwide, we can finance almost any home loan request. HomeQuests’ loan consultants will provide you with at least 5 different loan options to choose from…you make the decision, not us!

WE WORK FOR YOU AND NOT THE BANK

As a licensed mortgage broker, HomeQuest can offer you an unbiased opinion towards any mortgage loan program(s). Our loan consultants don’t stop working until we get your home loan approved or we exhaust all the opportunities to find a solution. We don’t get paid until your loan closes!

Mortgage Rates offered through HomeQuest Mortgage:

(Rates accurate as of 9/2010. Visit hqworksforme.com to get updated rates and information.)

- Conforming 30 year and 25 year fixed rate mortgages for home loans under $417,000 going for 4.316% APR with 0 points.

- Conforming 20 year fixed rate mortgages for home loans under $417,000 going for 4.320% APR with 0 points.

- Conforming 15 year fixed rate mortgages for home loans under $417,000 going for 3.820% APR with 0 points.

- Conforming 10 year fixed rate mortgages for home loans under $417,000 going for 3.890% APR with 0 points.

- Conforming 40 year fixed rate mortgages for home loans under $417,000 going for 5.417% APR with 0 points.

- 3/1 ARM (adjustable rate mortgage) for home loans under $417,000 going for 3.746% APR with 0 points.

- 5/1 ARM (adjustable rate mortgage) for home loans under $417,000 going for 3.768% APR with 0 points.

- 7/1 ARM (adjustable rate mortgage) for home loans under $417,000 going for 4.101% APR with 0 points.

- 10/1 ARM (adjustable rate mortgage) for home loans under $417,000 going for 4.996% APR with 0 points.

- 30 year interest only mortgage for home loans under $417,000 going for 5.449% APR with 0 points.

HomeQuest Mortgage also has a number of jumbo mortgages available to qualified borrowers. The above mortgage products are available to residents in Massachusetts, Connecticut, Rhode Island, New Hampshire and Maine.

BBB (Better Business Bureau) has given HomeQuest Mortgage a rating of: A+

If you have experience in the home loan or refinance process with HomeQuest Mortgage please share by leaving a comment.

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